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New Deal


Announced

Completed

BP and Sinopec completed the formation of BP Sinopec.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

marine bunkering

Friendly

Singapore

Cross Border

Industrial Distribution

Majority

Joint Venture

Completed

Synopsis

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BP, a British multinational oil and gas company, and Sinopec, a Chinese oil and gas enterprise, completed the formation of BP Sinopec, a bunker supplier. The ports served by BP Sinopec Marine Fuels Pte Ltd will be: Singapore; Fujairah, United Arab Emirates; Antwerp, Belgium; Rotterdam and Amsterdam in the Netherlands; Tianjin, Qingdao, Shanghai, Ningbo and Shenzhen, China.

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